If your cooperative is thinking of adding the Safe Harbor provision to your NRECA-sponsored 401(k) Pension Plan, now is the ideal time to decide whether it’s right for your co-op and, if so, take action for 2020. Safe Harbor can[…]
This year’s collection period for your cooperative’s annual base salary data, referred to as “November 15 salary data,” runs from September 3 to October 11, 2019. Use the Employee Benefits website’s November 15 Base Salaries event to report your co-op’s[…]
On July 25, 2019, a law firm filed an ERISA class action lawsuit relating to the NRECA-sponsored 401(k) Pension Plan. NRECA learned of this law firm’s solicitation to cooperative plan participants earlier in January 2019 and member co-ops were made[…]
CEOs and benefits administrators should look for their cooperative’s Retirement Security (RS) Plan contribution rates for 2020 to arrive by email within the week. The new rates will apply for the plan year beginning January 1, 2020. As a reminder, this[…]
The Insurance and Financial Services Committee of NRECA’s Board of Directors continuously monitors the performance and fund offerings of the 401(k) Pension Plan to ensure that plan participants of all ages and career stages have access to diverse investment options[…]